Green Marine
Reef Subsea to Extend Charter Party for ‘Polar King’
The subsea service company Reef Subsea has today exercised its option to extend the charter party for the subsea vessel “Polar King” with nine months. This extends the current contract until February 2015. Reef Subsea has an option of extending the contract for another 15 months. “Polar King” has be
Peel Ports, Busan Port Authority Ink Co-Operation Agreement
One of Asia’s largest port authorities has signed a landmark co-operation agreement with the company building a new container terminal at Liverpool in the heart of the UK. Peel Ports Group and Busan Port Authority will now work together to hone technical, economical and commercial acumen and increas
Sea Trucks Signs Accommodation Vessel Provision Contract
Sea Trucks Group announced the award of a contract from Daewoo Shipbuilding and Marine Engineering, a leading global offshore services company, for the provision of an accommodation vessel for the Arkutun-Dagi Project operated by Exxon Neftegas Limited in Sakhalin, Russia. Sea Truck’s Jascon 25 vess
Diana Containerships Reports Net Loss of USD 0.7 Mil in 3Q 2013
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, yesterday reported a net loss of $0.7 million for the third quarter of 2013, compared to net income of $1.6 million for the respective period of 2012. Time charter revenues, net of prepaid charter r
Boskalis Raises 2013 Net Profit Outlook to At Least EUR 360 Mil
Royal Boskalis Westminster N.V. (Boskalis) has concluded an exceptionally good third quarter. Revenue, adjusted for the sale of the 40% stake in Archirodon, and earnings were higher than in the first and second quarter of 2013 against stable market conditions. The order book increased compared to th
Euronav Gets USD 41.7 Mil VLCC Ardenne Venture
Euronav NV yesterday announced that the company sold the double-hulled VLCC Ardenne Venture (2004 –318,658 dwt), for USD 41.7 million. The vessel is owned by a 50/50 joint venture company with Wah Kwong Maritime Transport Holdings Ltd. The capital gain on this sale of about USD 2.2 million (Euronav’
Bourbon Sells Two AHTS Vessels
Bourbon announces the sale of the Bourbon Surf and Bourbon Borgstein, two large 10-year old Norwegian built AHTS (Anchor Handling Tug Supply) vessels for a total amount of US$130 million, generating a total capital gain of approximately US$63 million. Bourbon will continue to operate the two ships f
New Mobile Harbour and Offshore Crane from Liebherr
Liebherr has put into operation its new combined mobile harbour and offshore crane. The new, innovative TCC 14000-400 D Litronic® from Liebherr can be used for two completely different types of application. The crane can either be used as an offshore crane, fixed on a floating installation (barge);
DOF Bags Contracts with Total Value of USD 904.9 Mil
DOF Subsea Chartering AS, a subsidiary of DOF Subsea AS has entered into a time charter agreement with Technip UK Ltd. for hull no 800 under construction at Vard Group AS. The time charter contract commences on the vessel’s delivery from the construction yard in June 2015, with a firm period of 5 ye
iPS Obtains MLC 2006 for Overseas Entities
iPS announced that in addition to iPS’s Dutch entities, now the company’s overseas entities are also certified with regard to the Maritime Labor Convention 2006 (MLC:2006). The respective certificate was handed over by Bureau Veritas. Regulation 1.4 of MLC mandates that each member that operates a p
Offshore Wind Services’ Vessel Certified in Accordance with ILO’s MLC 2006
The Crew transfer vessel Offshore Phantom, was successfully certified in accordance with the ILO’s Maritime Labour Convention 2006 (MLC 2006) last week. This vessel, owned by Offshore Wind Services (OWS), is operating out of |Jmuiden and is the first of the fleet to be certified. In order to maintai
Gardline Chairman Appointed as Co-Chair of Marine Industry Leadership Council
Gregory Darling, group chairman of Gardline has been appointed Industry Co-chair of the Marine Industries Leadership Council. Sharing this role with him is Rt Hon. Michael Fallon MP Minister of State for Business. The appointment is for two years and Gregory is replacing the outgoing Richard Sadler,
The Netherlands: APM Releases 3Q Results
APM Terminals handled 9.3 million TEUs (weighted by equity share) during the 3 rd Quarter of the year. This is a new record for container volumes to pass through the global port operator’s worldwide portfolio during one quarter. The Netherlands-based international port and inland services operator a
Eniram Expands Its Operations to Japan
A week after announcing the opening of a new office in Germany, Eniram Limited, the fast-growing Finnish provider of energy management technology and data analytic services to the shipping industry, recently announced that it is expanding its international operations to Japan. “We are seeing growth